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Bitcoin Price Prediction as Market Shows Signs of Revival and BTC Price Reaches $59,992 – Time to Buy?

Arslan Butt
Last updated: | 4 min read

Bitcoin’s pivot point stands around $59,570. A break above this level could signal a shift towards a more bullish bias, potentially pushing prices towards immediate resistance at $61,700. Further escalations could see BTC targeting higher resistance levels at $64,650 and $67,065.

Conversely, if Bitcoin fails to sustain above $59,570, it could face downward pressure, with initial support placed at $56,625.

Bitcoin Price Prediction - Source: Tradingview
Bitcoin Price Prediction – Source: Tradingview

Subsequent supports are observed at $55,055 and $53,000, which could play critical roles in cushioning any further declines.

Technical indicators like the RSI at 48 suggest a neutral market sentiment, while the 50-day Exponential Moving Average at $61,321 provides a near-term benchmark.

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